What to Watch in Wednesday’s GDP Report

The U.S. economy’s dismal winter will be on display Wednesday when the Commerce Department releases its first report card on the nation’s economic growth in the first quarter. Gross domestic product, the broadest measure of U.S. economic output, is expected to have expanded at a seasonally adjusted annual rate of 1.1% in the first three months of 2014, according to economists surveyed by The Wall Street Journal. That would be far slower than the 2.6% rate in the final three months of 2013 and the slowest since the 1.1% pace seen in the first quarter of 2013.

Here’s what to watch in the report, which will be released at 8:30 a.m. EDT.

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